A fella I work with came in today with sketchy details of a site for repossessed cars in Carlow. After a bit of digging, all that I could find was this article.
It seems that TSB have a site in Carlow and AIB in Milltown. Have any of you any more information about these?
He was seemingly told that you go up to these places, check out the cars, find out how much finance or whatever is owed, and then make an offer. He's in the market for a replacement for a 97 Xsara which is pretty much on its last legs at this stage.
Poor Banks, I feel sorry for them
I don't know about the car lots that they may have but with regard to the article:
GTF off the car ya dipstick!
AFAIK, the majority of finance houses go thru Merlin car auctions in Kildare. Along with some of the Guards stuff, and fleet companies.
There were loads of bank cars there on saturday but NOTHING sold at anything like a bargain. A 08 520d se sold for near €33,000. Add 5% buyers premium and its not cheap. There is one on carzone for that and you could probably have one from uk cheaper
I like this quote:
A dirty job but I suppose someone has to do it.
I would expect the banks losing a lot of money especially on fully financed cars on 5 year loans. I would guess there is big gap between what the car worth & size of loan left.
I was at it last saturday - santa fe's and avensis's were pretty decent prices (santa fe's for nothing), in the repo section.
There were a fair few provisional sales though, wonder if the banks will take any sort of a loss with them.
pj mckenna deal with a few of them too.
The "open to all" prices dont seem that good IMO.
Yeah I know. You have to be in the trade to see the real prices. You can always make an offer though because some of that stuff is there ages.
Windsor auctions on the Naas rd do these auctions regularly too.
Wilson's auctions also Naas Rd.
GE have one on the Long Mile Road or at least they used to I presume it's still there. They publish a list every Thursday morning and you have until end of the next working day to get a sealed bid in an envelope into them by post. If your bid is accepted they let you know - if the cars don't sell here they go to auction usually after a few weeks. There are some serious bargains to be had - I bought 2 cars from them a few years ago for an absolute song. Beware though the cars are sold as they are when they're brought in.
It's tricky enough to get in touch with them mind you best contact Customer Services and tell them you want to contact Asset Disposals.
At the end of the day all they want to do is get their money back if they repossess a car with only a year or two left on the finance that's all they care about so you can get very lucky with a low bid.
And who are "GE" exactly?